FARM TRENDS
I Continued from Page 1|
Although the use of loan funds relative to income is
expected to increase as a source of financing, rising
real estate prices, high livestock and gram prices, and
Costs hundreds of dollars
less...unsurpassed in heavy,
down, tangled hay...
Cut/ditioner
It s a simple machine, with fewer moving parts Cuts
7 feet wide Conditions Makes windrow or swath
When you can't cut hay with a sickle bar, Cut/dition
it' Non stop Plug free
See
N. G. HERSHEY & SON
Manheim
LANDIS BROS., INC. CHAS. J. McCOMSEY
Lancaster &SO NS
Hickory Hill, Pa.
KINZER EQUIP. CO.
Kinzer
LONGENECKER
FARM SUPPLY
Rheems
ROY H. BUCH, INC.
Ephrata, R.D.2
BUY 1974 MODUS AT 1973 PRICES
YOU'VE SEEN THE REST
now see THE BEST
Dari-Kool Direct Expansion
Bulk Milk Tanks
THE FASTEST COOLING BULK MILK
TANK ON THE MARKET
(ilfil'• A
■
_ w
ALL MODELS IN STOCK
Ice-Bank Milk Coolers also Available
NEW MODELS IN STOCK
450 gal. 1250 gal.
600 gal. 1500 gal.
800 gal. 2000 gal.
1000 gal.
USED BULK TANKS
300 gal. Zero 800 gal. Esco
&u-
A. L. HERR&BRO
Quarryville
STOLTZFUS
FARM SERVICE
Cochranville, Pa.
A.B.C. GROFF, INC.
New Holland
650 gal. Esco
SHENK'S FARM SERVICE
7 Day Week, 24 Hour Service RD4 Lititz, Pa.
high prices for used machinery will sharply increase
the value of farmers’ equity in physical assets again
this year.
Realized net farm income for the sector is forecast
at $24 billion for 1974, down $2 billion from the
unprecedented 1973 record. Reasons for the slight
decline in prospect include lower farm program
payments and rising production expenses. If output of
grain and livestock falls below expected levels or
exports increase, net income could equal or exceed
the level achieved in 1973. On the other hand, should
export demand slacken sharply during the latter part
of 1974, gram prices would undoubtedly decline and
income would be reduced more than indicated.
The projected $11.9 billion increase in debt ex
cluding CCC nonrecourse loans is a record volume
and exceeds the 1973 record by $2.5 billion. Farmers
will readily be able to obtain these funds.
Rural banks experienced a rapid growth in deposits
m 1973 and can be expected to increase their funds
available for lending in proportion to deposit growth.
PCA’s and the Federal land banks can be expected to
sharply increase their demands on central money
markets, and farm real estate sellers and other in
dividuals probably will increase their lending in line
with the rise in real estate prices. On the other hand,
FHA is restricted by law to $7OO million in direct,
insured and guaranteed loans. Thus, its share of the
increase is expected to be relatively small. Also, in
surance companies depend on repayments of out
standing policy and mortgage loans, increases in
income, and reallocation of investment portfolios for
WHITE WASHING
DAIRY WHITE
- Dries White
- Does Not Rub Off Easily
- No Wet Floors
• 1$ Compatible With Disinfectant
Also BARN CLEANING SERVICE
Available With Compressed Air
MAYNARD L. BEITZEL
Spraying Since 1961
Witmer, Pa.
&U-.
0 A sturdy hinged arm supports lha milker unit at the desired height
throughout milking The support arm reduces drop-oil to a minimum
WE GIVE FREE DEMONSTRATIONS ON
Sales, Parts & Service
with
717-392-7227
AUTOMATIC
TEAT CUP DETACHERS
AUTOMATIC TAKE OFFS
Ph. 626-4355
Lancaster Farming, Saturday, Mar. 23,1974
funds. Their contributions to the increase in farm
sector lending will be relatively low.
Regionally, .prospects in 1974 are generally
favorable for increased production and only slight
income declines. Planted acreages may rise 8 percent,
indicating farmers expect sufficient supplies of fuel,
fertilizer, credit and other critical items. Milk
producing areas of the Northeast and the Lake States
should prosper. Milk prices have advanced strongly
and feed costs should moderate as the year wears on.
Cattle feeders in the Southern Plains, the Corn Belt,
and other feeding areas suffered losses in parts of
,1973 and currently face unfavorable feed and cattle
price ratios. However, they may find feeder cattle
prices and feed costs in a better balance with ex
pected fed cattle prices late in 1974.
Farmers in all regions were reported in excellent
financial condition at the end of 1973 and will be able
to obtain the huge volume of credit they need for
farming in 1974, both real estate and other, and
probably at interest rates no higher than in 1973.
Hoke Estate Is
Eastern Distributor
M. K. Hoke Estate, Inc. of
Manheim, serving the farm
industry for 60 years, has
been appointed as the
Eastern warehouse and
distributor for Superior
Equipment Co., a division of
Tiffany Industries, Inc.
M.K. Hoke Estate, Inc. is ,
headed by Barry L. Hoke, a
grandson of the company’s
founder, as president, along
with Elmer Hostetter, vice
president and sales
manager; Herbert K. Geist,
secretary, salesman; and
Henry E. Deemer, treasurer
and accountant.
M.K. Hoke Estate, Inc. is
now enjoying new and ex
panded sales divisions
covering six states, in
cluding Pennsylvania, New
Jersey, Delaware, Virginia,
One Man Can Milk
More Cows Per Hour
...And Do A Better
Job Of Milking...
• An Electronic Sensing Device
Helps Prevent Over-Milking
And Under-Milking
• The Milker Unit Is Gently
Removed From The Udder
• The System Washes In Place
After the operator prepares the udder
and puts on the milker unit the rest
of the milking procedure is automatic
An electronic sensing device con
stantly monitors the milk flow Thirty
seconds after the milk flow drops below
Vi pound per minute the vacuum shuts
off The milker unit is then gently re
moved from the udder A hinged sup
port arm quietly retracts the unit out
of the operators way ready for
milking the next cow
The Detachers wash m-place along
with the balance of the rmlkmg system
New York and Maryland.
Among the firm’s ac
tivities are layout and
equipment for farm and
commercial grain storage
and handling systems; pre
engineered steel buildings
for farm storage and feedlot
installations; and buildings
for commercial use.
Frank Z. Beard, with more
than 50 years of active
service with the company,
will continue to call on many
of the local farmers and
farm service companies.
Representing the Superior
Grain Handling systems
along with Beard (in the
Lancaster County area) are
Samuel Hossler of Manheim,
serving Lebanon County,
and C. Cott Jacobs of York,
serving York County.
Boots & Saddles
Elect Officers
The Boots and Saddles 4-H
Club held their first meeting
on March 8. The pledge was
recited by the members
present. The minutes of the
last meeting and the
treasurer’s report were read
and approved. The following
were elected officers for
1974:
Ray Camean, president;
Neal Ehrhart, vice
president; Debra Heidig,
secretary; Cheryl Gernert,
treasurer; Lashon Bussell,
corresponding secretary,
and Cindy Burkey, news
reporter.
New members were ac
cepted into the club. The
next club meeting will be
held on April 12 at the Farm
and Home Center.
The upcoming horse show
was discussed. It will be an
open show, and will be held
on April 27, 9:30 a.m., at the
Lancaster Riding and Tennis
Club.
Washing Leather Gloves
After checking the label to
make sure leather gloves are
hand washable, soak the
gloves in warm sudsy water
and slip them onto your
hands. Gently wash the
gloves as if you were
washing your hands.
Remove the gloves and rinse
thoroughly in warm water.
Do not wring or twist, but
gently reshape the gloves,
blowing into them to
separate surfaces. Hang by a
corner of the side seam, and
dry away from sunlight and
direct heat. Put them back
on when they are completely
dry, and polish by rubbing
your hands over a soft clean
cloth.
13